The Relative Strength Index (RSI) is showing an upward trend, indicating increasing momentum. Additionally, the Moving Average Convergence Divergence (MACD) is showing a bullish crossover, further supporting the potential for an upward move.
This is my second attempt to enter palladium. I believe industrial metals currently have a strong chance to move higher.
Yesterday, the DXY saw a sharp rise. It's worth noting that the dollar index often moves inversely to the commodity market — not for all assets and not always, but for palladium, this inverse relationship tends to hold. That’s why we saw an emotionally driven move to the downside.
However, nothing has fundamentally changed. The outlook for industrial metals remains positive:
Trade tensions are easing,
Geopolitical stress is subsiding,
This creates a window for potential economic recovery — or at least market expectations of one — which in turn supports demand for industrial metals.
Also, note how quickly silver was bought back, with a small positive close on the daily chart — another encouraging signal.
I find it reasonable to add palladium to my portfolio, and continue to hold silver as well.
❗️Friends, this is important!
My expectations are just that — my own expectations. Things can always go differently. That’s why I use stop losses and control my position size — to make sure that any mistakes I make don’t harm my capital.
Let me repeat: capital is the most important asset we have.
Protect it, preserve it, take care of it — and treat it with respect.
📌 Chart Overview
Timeframe: 1 Hour
Current Price: ~ 3275-3280
Bias: Conditional (based on breakout confirmation).
As previously analyzed, Gold has reached 3270 area. This zone will determine the next market direction- bullish or bearish. Check out our trade plan for potential opportunities!
✅ Buy Trade Setup (Bullish Scenario)
:Trigger: Price breaks and closes above 3290
Plan:
: Enter long after confirmation (e.g. bullish candle close above 3290)
: TP1: 3340
: Final TP: 3400
Reasoning:
> Breakout above a key intraday resistance
> Pattern suggests potential bullish momentum continuation.
❌ Sell Trade Setup (Bearish Scenario)
Trigger: Break and close below 3260
Plan:
:Enter short after confirmation of breakdown
: TP1: 3230–3225 zone
: Final TP: 3205
Reasoning:
>If price fails to hold above 3260, likely to revisit previous demand zones
>Clean drop potential visible on the left side of the chart
Key Decision Area:
>3260–3290 zone is crucial:
>Acts as a no-trade zone unless broken
>Avoid getting trapped in consolidation or fakeouts here
